Plan Ledger DOL Form 5500 · updated monthly

Beckett Gas, Inc.401(k)

BECKETT GAS, INC. 401(K) PLAN · NORTH RIDGEVILLE, OH · plan year 2024

Reported admin expense ratio · 2024
0.11%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Beckett Gas, Inc. reported $28,100 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,643 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.09% to 0.11%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,037th-largest of 3,295 plans among Ohio employers on file, and the 4,786th of 13,661 in manufacturing. In 2024, employees put in $2.03 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$27,572,757
Participants with balances470
Active participants446
Employer contributions$732,893
Employee contributions$1,486,214
Employer contribution per active participant$1,643
Average account balance$58,665
Benefits paid to participants$1,400,493
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$27.6M · 470 accts · $733K emplr
2023$24.1M · 471 accts · $728K emplr
2022$21.1M · 455 accts · $703K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,100
Total administrative$28,100
The Beckett Gas, Inc. 401(k) match · 2024
Employer contribution per active participant$1,643
Median for plans this size$2,416
2024$1,643 per active participant
2023$1,615 per active participant
2022$1,548 per active participant

Beckett Gas, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
LINCOLN NATIONAL CORPORATION · Contract administrator$28,100

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$28,100 · 0.11%
2023$21,223 · 0.09%
2022$19,871 · 0.09%
Same employer
Similar plansManufacturing · Ohio
Aida-America Corporation OH$27.8M · 0.17%
Trew, LLC OH$27.8M · 0.53%
Brilex Industries, Inc. OH$27.8M · 0.33%
St. Bernard Soap Company OH$27.4M · 0.36%
Monti, Inc. OH$27.2M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341573621 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.